Quick answer
The median home in Hartford costs $260K. With 20% down ($52K) at 7% for 30 years, the monthly payment is $1,384/month. Total interest paid over 30 years: $290,179.
Calculator · CT · 2026
Mortgage Calculator for Hartford, CT (2026)
Pre-filled with Hartford's median home price of $260K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Hartford Mortgage Payment Scenarios
Median home price: $260K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $13,000 | $247,000 | $1,643 | $2,220 | $344,587 |
| 10% | $26,000 | $234,000 | $1,557 | $2,103 | $326,451 |
| 20% | $52,000 | $208,000 | $1,384 | $1,870 | $290,179 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Hartford
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $260K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$260K home · 20% down ($208K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Hartford?
The median home price in Hartford is $260K. With 20% down and a 30-year loan at 7%, the monthly payment is $1,384. Adding estimated property taxes and insurance brings total monthly costs to approximately $1,644.
Is it cheaper to rent or buy in Hartford?
A 2-bedroom rental in Hartford averages $1,900/month. Buying the median $260K home with 20% down costs approximately $1,644/month (mortgage + taxes + insurance) — $256 less than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Hartford?
Using the 28% housing rule, you need at least $59K–70K in annual gross income to comfortably afford the median $260K home in Hartford with 20% down. You also need $52K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Hartford?
CT has a state income tax rate of 6.99% (top). Property taxes vary by county but on a $260K home, expect $217–$433/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.